Business Credit Cards

The Top 3 Business Credit Cards for New Companies

Starting a new business can be a daunting task, especially when it comes to managing finances. One of the best ways to keep your finances in check and build your business credit score is by using a business credit card. However, with so many options available, it can be difficult to know which card is best for your new company. In this article, we will discuss the top 3 business credit cards for new companies.

1. Chase Ink Business Preferred Credit Card

The Chase Ink Business Preferred Credit Card is a great option for new businesses due to its flexible rewards program and generous sign-up bonus. With this card, you can earn 3 points per $1 spent on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines (up to $150,000 in combined purchases per year). You can also earn 1 point per $1 spent on all other purchases.

The sign-up bonus for the Chase Ink Business Preferred Credit Card is 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. This is equivalent to $1,250 in travel rewards when redeemed through the Chase Ultimate Rewards program.

2. Capital One Spark Cash for Business

If you are looking for a straightforward cashback rewards program, the Capital One Spark Cash for Business card is a great option. With this card, you can earn a flat 2% cashback on all purchases, with no limit on how much you can earn. This makes it a great option for businesses that have high expenses.

The Capital One Spark Cash for Business card also offers a sign-up bonus of $500 cashback after you spend $4,500 on purchases within the first 3 months from account opening.

3. American Express Blue Business Plus Credit Card

The American Express Blue Business Plus Credit Card is another great option for new businesses, especially for those that are just starting out and may not have a high volume of expenses. With this card, you can earn 2 Membership Rewards points per $1 spent on the first $50,000 in purchases each year, and 1 point per $1 spent on all other purchases.

The American Express Blue Business Plus Credit Card has no annual fee and also offers a 0% introductory APR on purchases for the first 12 months from account opening.

Conclusion

Choosing the right business credit card for your new company can be a difficult decision, but by considering the rewards program, sign-up bonus, and fees associated with each card, you can make an informed decision. The Chase Ink Business Preferred Credit Card, Capital One Spark Cash for Business, and American Express Blue Business Plus Credit Card are all great options for new businesses, and can help you manage your finances and build your business credit score.